Shell to exit from Malaysia Port Dickson refinery
A business review concluded margins would remain small due to the global oversupply of oil
Shell is planning the sale or closure of its Port Dickson, Malaysia, refinery, on which it has spent large sums in modernisation projects in recent years. The firm said it is considering options including selling the facility or converting it into a storage terminal, after a business review found that refining margins are likely to remain depressed as a result of overcapacity worldwide. Although the refinery, on Malaysia’s west coast, has been upgraded into a relatively high-quality asset, it will face increasing competition from government-led plans to develop southern Malaysia as a refining and petrochemicals centre. Port Dickson, of 125,000 barrels a day (b/d) capacity, is now a high-conv
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
